2022-2023-2024 TAX FACTS
- News & Updates
- 07 Dec, 2023
| 2022 | 2023 | 2024 | ||
| SOCIAL SECURITY TAX LIMIT | $ 147,000 | $ 160,200 | $ 168,600 | |
| IRA CONTRIBUTION | $ 6,000 | $ 6,500 | $ 7,000 | |
| CATCH-UP (age 50 and over) | $ 1,000 | $ 1,000 | $ 1,000 | |
| 401K CONTRIBUTION | $ 20,500 | $ 22,500 | $ 23,000 | |
| CATCH-UP (age 50 and over) | $ 6,500 | $ 7,500 | $ 7,500 | |
| ANNUAL GIFT TAX EXCLUSION | $ 16,000 | $ 17,000 | $ 18,000 |